Business

Starting up, self-employment and business tax

• Can I get small business rate relief?Small business rate relief in England: pay no business rates at a rateable value of £12,000 or less, with a taper up to £15,000. From GOV.UK.
• How do I become a sole trader?How to register as a sole trader with HMRC: choosing a business name, registering for Self Assessment, keeping records and VAT. From GOV.UK.
• How do I register a limited company?How to set up a limited company with Companies House: £100 online and usually done in 24 hours, identity checks, PSCs and Corporation Tax. From GOV.UK.
• What is a sponsor licence?What a UK sponsor licence is, who needs one, fees of £611 or £1,682, certificate costs and the Immigration Skills Charge. From GOV.UK.
• When do I need to register for VAT?When you must register for VAT: the £90,000 threshold, the rolling 12-month test, deadlines and late registration rules. From HMRC on GOV.UK.